OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

Company number: 07458912 Charity Registration Number: 1148931

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

CONTENTS Page
Company Information 2
Report of Directors 3
Independent Examiners Report 8
Income & Expenditure Account 9
Balance Sheet 11
Notes to the accounts 12

1

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

Report of the Board of Directors/Trustees

The board of Directors/Trustees presents their report and financial statements for the year ended 31 December 2022

Reference and administrative information

Company name The Boiler House Community Space
Company registration number 07458912
Charity Registration number 1148931
Directors Abigail Gilbert
Eleanor Faith Wright
Kwame Agyei (appointed 26/09/2022, resigned 04/12/22)
Lucy Wood (resigned 07/03/23)
Michelle Baker
Suzanne Begley (resigned 08/07/22)
Trustees Abigail Gilbert
Eleanor Faith Wright
Kwame Agyei (appointed 26/09/2022, resigned 04/12/22)
Lucy Wood (resigned 07/03/23)
Michelle Baker
Suzanne Begley (resigned 08/07/22)
Registered office The Boiler House George Downing Estate
Cazenove Road
Stoke Newington
London N16 6BE
Accountants Lewis Curtis Ltd
Chartered Accountants
10 Durham Avenue
Romford
RM2 6JS
Bankers The Co-Operative Bank
PO Box 250
Skelmersdale
WN8 6WT

2

THE BOILER HOUSE COMMUNITY SPACE

(A COMPANY LIMITED BY GUARANTEE)

Report of the Board of Directors/Trustees (continued)

Objects

  1. To promote the benefit of the inhabitants of Stoke Newington, Stamford Hill, Hackney and the surrounding community without distinction of sex, sexual orientation, age, disability, nationality, race or of political, religious or other opinions, by associating together the said inhabitants and the statutory authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants;

  2. To establish, or secure the establishment of, a community centre and to maintain and manage the same (whether alone or in co-operation with any statutory authority or other person or body) in furtherance of the objects;

  3. To promote such other charitable purposes as may from time to time be determined. The charity shall be nonparty in politics and non-sectarian in religion. The area of benefit ("area of benefit") shall be Stoke Newington, Stamford Hill, Hackney and the neighbourhood together defined by the community users.

Ensuring our work delivers our aims

The Boiler House manages four community centres within estates in Hackney: The George Downing Estate, N16 Hackney Family Centre, E5 Myddleton Grange, N4 Northwold Youth and Community Hub, E5

The Charity has sourced and supported various activities, classes and events, and services which have benefited a diverse community. Activities have included: youth support, food provision, fitness classes, singing, yoga, parent/ carer groups. The Boiler House has also provided a space for training and local voluntary group meetings. It has made it possible for local residents to hire the space for family gatherings at affordable rates.

Continuing the lead role the charity took during the COVID-19 pandemic, the community Pantry was further expanded to include wraparound support, serving an average of 80 households per week during the year.

The charity works towards offering some paid work to local people and where possible relevant volunteering opportunities.

The focus of our work

Our main objectives for the year continued to be the development and support of under used community assets (people and spaces) and working to support the impacts of moving from pandemic related lockdowns to 'living with Covid.' This was reflected across the full suite of provisions delivered by the Charity.

We continued to offer opportunities for people to build relationships through activities and shared ‘common ground’, improving community cohesion and support at grass roots level.

We continued to run and develop the Community Nursery, located in our N4 building. The focus of the nursery is around school readiness and supporting the individual child’s needs to develop their wellbeing and learning, with a particular focus on involving their families. The Nursery was rated Good by Ofsted in 2016 and is expected to be assessed again in 2023.

We continued to develop and find ways to run a regular youth service from the Northwold Estate for 7-23 year olds, including volunteering opportunities for older young people and safe, supportive environment from the centre.

We continued with the expansion of The Boiler House to provide additional space and opportunities for the local community. Following extensive consultation with local residents and the wider community to understand needs and priorities, we pressed ahead with the preparatory works needed to deliver the co-designed community facilities on the George Downing Estate (including the Boiler House N16). We raised substantial grant funding to deliver this programme and appointed a contractor in Spring 2021.

How our activities deliver public benefit

All our charitable activities continued to respond to our mission which aims to create stronger/ healthier communities, where each individual has the opportunity to develop their potential and feel part of where they live.

3

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

We have been delivering this by offering a safe place, working towards reducing isolation, improving social interaction and offering positive opportunities. The activities delivering public benefit are outlined below:

Managing the community spaces

Offering activities that offer people a safe and financially affordable common ground for residents.

This includes: A space for voluntary groups to meet, fitness classes, performance and rehearsal space, a place for educational groups, parent/ carer/ children sessions, where they can meet, learn skills, interact and develop. The community spaces also offer a valuable and affordable space for people to hire for their own gatherings and events at affordable rates. We have made agreements with session providers to offer concessionary rates in return for a reduced hall hire rate.

Providing events and activities that support relationship building and the trust and community capital this can create. We have also started an estate WhatsApp group which we facilitate to help deepen local relationships and have increased our social media presence to widen our reach. We continue to work with an Asset based approach, linking into local community networks to ensure a diverse and inclusive offer is available to the surrounding communities.

-The Boiler House Community Space attracts a broad section of the community to access the activities/facilities. Ages vary between 0 – 65+, with a mixed demographic of users.

We continue to develop and safeguard the youth club provision, training staff and supporting young people through a safe and supportive after school environment

Events and trips

Managing/ delivering events and trips for the communities we’ve been working with on the two estates. During 2022,

'- Held community engagement sessions at Boiler House N16 to support the design of the redevelopment

Employment opportunities

The organisation continues to employ an average of 19 staff members.

We have worked with over 150 volunteers through the mutual Aid group and the Charities Food provision

Public Benefit

Our activities continue to focus on building relationships between local people and the community capital this can support; whilst working towards creating stronger/ healthier communities, where each individual has the opportunity to develop their potential and feel part of where they live.

The Charity continues to improve community cohesion by making available a ‘common ground’ through the community spaces as well as offering a diverse selection of activities for the local community to take part in with the aim to develop under used community assets whether this is people or buildings.

By doing this various benefits occur, local community members become more familiar/ friendly with each other, this helps to reduce isolation, develop local links / networking, develop skills and employment opportunities, reduce antisocial behaviour, increase well-being as people feel part of something and improve health and fitness by community members taking part in local fitness sessions in the centre.

4

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

We are also making voluntary roles available for local community members so they can develop their skill sets, feel part of something and help to involve other community members in the activities on offer. There will also be some paid roles available to help with the general management services of the Boiler House and other centres we hope to take on in the future. Our organisations aims are intended to benefit a diverse selection of the local community, of all ages, ethnic backgrounds, gender and sexual orientation this includes estate residents as well as those from the local areas.

Review of the year’s activities – January – December 2022

The Charity would like officially thank our funders:

We would like to thank Fusion21 Foundation Garfield Weston Ground Work Hackney Council London Community Response Fund London Youth Places Foundation Power to Change/ Social Investment Bank Social Enterprise Support Fund Southern Housing The Guinness Partnership The National Lottery Community Fund Travis Perkins London Marathon Trust

FINANCIAL REVIEW

Transactions and Financial Position

The Statement of Financial Activities shows a surplus of incoming resources over outgoing resources of £20,782 for the year. This includes a surplus on the designated Boiler House capital fund of £1,252, a deficit of £17,746 on the unrestricted income funds and a surplus of £ 37,276 on the restricted funds. The deficit of £17, 746 on the unrestricted funds for the year was funded by unrestricted reserves brought forward from the prior year.

Principal funding sources

Funded by the hire of the centres from session providers, private hirers, voluntary groups, corporate hire and as a rehearsal space. The income generated from Nursery fees and donations.

5

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

RESERVES POLICY

The Boiler House Community Space is continuing to add to its reserves, in line with plans for the long-term development, expansion and sustainability.

PLANS FOR THE FUTURE

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The organisation was incorporation as Community Interest Company (C.I.C) on 2[nd] December 2010 and changed it status from C.I.C to Private, Limited by guarantee with no share capital on 3[rd] September 2012 and registered as a charity on 12[th] September 2012. The charitable company was established under a Memorandum of Association, which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £10.

Recruitment and Appointment of Management Committee

Currently the management committee have all been invited and appointed with regards to further appointments this will be done based on areas of expertise the committee feel its lacking/ needs due to people stepping down.

All members of the Management Committee give their time voluntarily and received no benefits from the charity. In the year, Suzanne Begley, stepped down as Chair. Abigail Gilbert was elected as the new Chair.

Trustees Induction and Training

Induction will be led by the Chair or appointed board member who have a broad knowledge and understanding of the charities values as well as the governance and roles required from the trustees.

Risk Management

The Management Committee actively reviews the risk, which the charity faces on a regular basis and will endeavour to maintain the reserve levels around its current figure. The review of the controls of the financial systems will provide sufficient resources in the event of adverse conditions.

The management committee have also examined other operational and business risks faced by the charity. Following the return of the CEO or any subsequent changes in leadership it is considered a priority to establish

6

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

Organisational Structure

In 2022 the Board of Trustees (Management Committee) continued to advise the Chief Executive. The board meet every 6-8 weeks, and are responsible for the Governance, strategic direction and policies of the charity. At present the Committee has three members from a variety of professional backgrounds relevant to the work of the charity.

Statement of Directors' Responsibilities

Company laws require the directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements the Board of Directors should follow best practice and:

The Board of Directors are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006.

The Board of Directors are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

Members of the Board of Directors

Members of the Board of Directors, who are directors for the purpose of company law, who served during the year and up to the date of this report are set out on page 2.

Review and Results

The Directors report an operational surplus of £19,530 on operations excluding the £1,252 surplus on the designated capital fund for the year under review.

Balance Sheet

Details of the major items on the balance sheet can be found in the notes to the accounts.

The fluctuations in debtors and creditors year on year are purely the result of the timing of receipts and payment around the year-end.

ACCOUNTANTS

Lewis Curtis Ltd has signified their willingness to continue in office.

Approved by the Directors on 25 September 2023 and signed on its behalf by

Abigail Gilbert (Director)

Eleanor Wright (Director)

7

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS/TRUSTEES OF THE BOILER HOUSE COMMUNITY SPACE

We report to the charity trustees/directors on our examination of the Company for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied ourselves that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, we report in respect of our examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out our examination we have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act: or

  2. the accounts do not accord with those records: or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination: or

  4. the accounts have not been prepared in accordance with the methods and principals of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the Up and Republic of Ireland (FRS102)).

We have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Lewis Curtis Ltd 10 Durham Avenue Romford Rm2 6JS

Date: 27 September 2023

8

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

(Including Income and Expenditure Account)

Notes
Incoming resources
Public Session Providers
Project income
Party Hire
Grants
Nursery Fees
Contract fees
Bank interest
Donations
Honey sales
Total incoming resources
Resources expended
Charitable activities
Nursery Costs
Honey costs
Hope Boxing
Trips, Outings & Events
Organisational development
Community Space Management
Nursery Staff
Community/Project Development
NW General youth service
Youth services staff
Food provision
Food provision - see note 10
Space hire costs
Cleaning/cleaner
Insurance
Operational Costs
Managerial staff
Capital works
Furniture & Equipment
Teambuilding
Premises costs
Bad debts
Fundraising
Governance costs
Accountancy services
Bank charges
Trustee meeting costs
Depreciation
Total Resources expended
Net incoming(outgoing) resources for the year
Transfer to unrestricted capital fund
Net movements in funds
Balance brought forward at 01/01/2022
Balance carried forward at 31/12/2022		 Restricted
2022 Total
2021 Total
Income
Capital
Funds
Funds
Funds
£
£
£
£
17,401
-
-
17,401
2,180
312
-
-
312
147
14,364
-
-
14,364
26,767
20,228
-
373,475
393,703
133,032
186,885
-
-
186,885
171,545
69,996
-
-
69,996
79,153
366
-
-
366
47
5,390
1,252
6,642
2,215
(66)
-
-
(66)
576
Unrestricted Funds
314,876
1,252
373,475
689,603
415,662
13,407
-
-
13,407
17,075
2,638
-
-
2,638
-
2,013
-
6,303
8,316
632
-
-
330
330
-
6,369
-
6,369
16,936
345
-
345
79
154,253
-
1,920
156,173
160,526
421
-
421
6,275
7,381
-
7,381
16,104
34,610
-
25,443
60,053
27,032
11,719
-
11,719
42,607
(18,226)
-
18,226
-
-
794
-
-
794
979
4,142
-
-
4,142
1,114
5,137
-
584
5,721
3,797
25,806
-
5,334
31,140
6,732
57,924
-
47,936
105,860
94,625
1,530
-
225,721
227,251
6,258
-
4,402
4,402
-
4,153
-
-
4,153
810
5,072
-
-
5,072
4,143
687
-
-
687
529
6,000
-
-
6,000
-
-
-
-
-
4,202
-
-
4,202
1,500
829
-
-
829
571
27
-
-
27
-
1,389
-
-
1,389
1,853
332,622
-
336,199
668,821
410,177
(17,746)
1,252
37,276
20,782
5,485
51
(51)
-
(17,695)
1,201
37,276
20,782
5,485
101,734
91,182
50,831
243,747
238,263
84,039
92,383
88,107
264,529
243,748

9

THE BOILER HOUSE COMMUNITY SPACE

(A COMPANY LIMITED BY GUARANTEE)

Notes
Incoming resources
Public Session Providers
Project income
Party Hire
Consultancy income
Grants
Nursery Fees
Contract fees
Bank interest
Donations
Honey sales
Total incoming resources
Resources expended
Charitable activities
Nursery Costs
Hope Boxing
Trips & Outings
Organisational development
Community Space Management
Nursery Staff
Community/Project Development
NW General youth service
Youth services staff
Food provision
Space hire costs
Cleaning/cleaner
Insurance
Operational Costs
Managerial staff
Capital works
Teambuilding
Premises costs
Bad debts
Governance costs
Accountancy services
Bank charges
Professional fees
Depreciation
Total Resources expended
Net incoming (outgoing) resources for the year
Transfer to unrestricted capital fund
Balance brought forward at 01/01/2021
Balance carried forward at 31/12/2021		 2021 Restric 2021 Total 2020 Total
Income
Capital
Funds
Funds
Funds
£
£
2,180
-
-
2,180
5,595
147
-
-
147
-
26,767
-
-
26,767
2,421
-
-
-
7,077
5,140
-
127,892
133,032
166,123
171,545
-
-
171,545
232,424
79,153
-
-
79,153
47
-
-
47
288
2,215
-
-
2,215
2,117
576
-
-
576
2021 Unrestricted Funds
287,770
-
127,892
415,662
416,045
17,075
-
-
17,075
7,990
-
-
632
632
-
-
-
-
-
820
9,901
-
7,035
16,936
-
79
-
-
79
(50)
160,526
-
-
160,526
258,396
4,587
-
1,688
6,275
5,833
15,513
-
591
16,104
-
16,897
-
10,135
27,032
-
17,599
-
25,008
42,607
4,641
979
-
-
979
-
1,114
-
-
1,114
3,415
3,797
-
-
3,797
2,520
6,058
-
674
6,732
24,933
69,585
-
25,040
94,625
-
-
-
6,258
6,258
-
810
-
-
810
-
4,143
-
-
4,143
2,550
529
-
-
529
2,532
-
-
-
0
-
1,500
-
-
1,500
1,513
571
-
-
571
561
-
-
-
-
600
1,853
-
-
1,853
1,144
333,116
-
77,061
410,177
317,398
(45,346)
-
50,831
5,485
98,647
(23,160)
23,160
-
-
-
170,240
68,022
-
238862
139,616
101,734
91,182
50,831
244,347
238,263

10

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET

AS AT 31 DECEMBER 2022

Notes
Fixed Assets
Tangible Fixed Assets
6
Current assets
Debtors and prepayments
8
Cash at bank and in hand
Liabilities:amounts falling due within one yea
9
Net current assets
Net assets
Funds
Unrestricted income funds
Unrestricted capital funds
Restricted funds
10		 2022
95,350
24,604
202,340
226,944
57,765
169,179
264,529
84,039
92,383
88,107
264,529		 2021
96,739
14,907
157,094
172,001
24,993
147,008
243,747
101,734
91,182
50,831
243,747

For the year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

Directors responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies' regime.

The board of directors approved these accounts on 25 September 2023

Abigail Gilbert (Director)

Eleanor Wright (Director)

11

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31DECEMBER 2022

1 Accounting policies

Basis of preparation and accounting convention

The accounts (financial statements) have been prepared on the accruals basis, under the historical cost convention and in accordance with the Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Preparation of the accounts on a going concern basis

The trustee considers that there are no material uncertainties about the Charities’ ability to continue as a going concern. The COVID-19 pandemic has affected the charities income streams and reduced the access of our community centres. We lost significant revenue due to the first lock down measures, where we had to close the majority of our nursery and community centre services. The nursery has since been able to re-open and we hope will be able to continue to provide early years support and development to local families and their children. However, the community centre hire continues to be affected by social distancing measures. while this continues, we are due to lose the majority of this income stream and the provision of activities for local people. We have continued to utilise the space through an on-going food bank, so are still able to engage with local people and offer support to those effected by the pandemic.

Fund structure

The company's general funds consists of funds which the company may use for it purposes at its discretion. The general funds are split between the income funds and the premises capital expenditure funds. The company's restricted funds are those where the donor has imposed restrictions on the use of the funds, which are legally binding.

Voluntary income

All voluntary income is included on receipt. Grants receivable is credited to income immediately on receipt.

Investment income

Credit is taken for interest when the interest falls due for payment.

Nursery Fees and Hall Hire Fees

Nursery fees and hall hire fees are included in the accounts when earned. Where income is received in advance of the service being provided it is deferred to the period in which the service is provided,

Administrative expenditure

Administrative expenditure comprises costs incurred in running the company. Where applicable, some of these costs have been treated as direct charitable expenditure.

Fixed assets and depreciation

Fixed assets are included in the accounts at their historical cost and are written off through the statement of financial activities at the following rates

Plant and machinery - 25% reducing balance

Building improvements - over expected useful life once complete and in use

12

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31DECEMBER 2022

2 Interest receivable and similar income

2
Interest receivable and similar income
Bank interest
3
Grants receivable
Fusion21 Foundation
The Guinness partnership
Places for People
Travis Perkins
Hackney Family Centre
Power to Change
Power to Change- capital works
London Community Response Fund
Aspire
Garfield Western - capital works
Greener City
Social Enterprise Support Fund
London Youth
The Guinness partnership
CEV Hackney
National Lottery Community Fund
Total Restricted grants
The Guinness partnership
London Borough of Hackney
Coronavirus Job Retention Scheme
HVCS
Total Unrestricted grants
Total grants
4
Staff costs
Wages and salaries
Social security costs
Contributions to defined contribution pension scheme
Average monthly number of employees		 2022
£
366
2022
£
7,500
20,000
9,000
11,000
47,500
200,000
11,725
-
50,000
3,750
47,000
6,800
-
-
10,000
376,775
5,678
11,250
-
-
16,928
393,703
2022
£
300,442
15,211
5,934
321,587
19		 2021
£
47
2021
£
-
-
-
-
-
28,000
12,540
35,175
5,990
-
-
-
4,688
41,499
-
127,892
-
-
4,140
1,000
5,140
133,032
2021
£
263,479
12,525
6,049
282,053
20

No employee received emoluments in excess of £60,000

13

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31DECEMBER 2022

5 Remuneration of directors

No directors have received remuneration as directors of the charitable company during the year. No trustees have received payment of expenses during the year.

6 Fixed assets

Fixed assets
Cost
As at 1 January 2022
Additions
As at 31 December 2022
Depreciation
As at 1 January 2022
Provided during year
As at 31 December 2022
Net book value at 1 January 2022
Net book value at 31 December 2022		 Capital Fund
Income Fund
Property
improvements
Plant &
Machinery
91,182
10,639
91,182
10,639
-
5,082
-
1,389
-
6,471
91,182
5,557
91,182
4,168		 Total
101,821
-
101,821
5,082
1,389
6,471
96,739
95,350
Fixed assets - prior year analysis
Cost
As at 1 January 2021
Additions
As at 31 December 2021
Depreciation
As at 1 January 2021
Provided during year
As at 31 December 2021
Net book value at 1 January 2021
Net book value at 31 December 2021		 Capital Fund
Income Fund
Property
improvements
Plant &
Machinery
68,022
6,659
23,160
3,980
91,182
10,639
-
3,230
-
1,852
-
5,082
68,022
3,429
91,182
5,557		 Total
74,681
27,140
101,821
3,230
1,852
5,082
71,451
96,739

14

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31DECEMBER 2022

8 Debtors

Community space hire
Nursery fees
Other debtors
9
Liabilities: amounts falling due within one year
Social Security and Other taxes
Deferred Income
Other creditors
Accruals
10
Restricted funds
Fund
Brought
forward
01/01/2022
Income
Power to Change
27,247
200,000
London Community Response Fund
-
11,725
Aspire
5,358
-
London Youth
-
3,500
Garfield Western
-
50,000
Greener city
-
3,750
Social Enterprise Support Fund
-
47,000
CEV Hackney
18,226
-
Hackney Family Centre
-
47,500
National Lottery Community Fund
10,000
50,831
373,475		 Community space hire
Nursery fees
Other debtors
9
Liabilities: amounts falling due within one year
Social Security and Other taxes
Deferred Income
Other creditors
Accruals
10
Restricted funds
Fund
Brought
forward
01/01/2022
Income
Power to Change
27,247
200,000
London Community Response Fund
-
11,725
Aspire
5,358
-
London Youth
-
3,500
Garfield Western
-
50,000
Greener city
-
3,750
Social Enterprise Support Fund
-
47,000
CEV Hackney
18,226
-
Hackney Family Centre
-
47,500
National Lottery Community Fund
10,000
50,831
373,475		 2022
2021
£
£
20,327
11,310
2,309
3,597
1,968
24,604
14,907
2022
2021
£
£
11,581
10,476
3,750
9,090
39,134
3,927
3,300
1,500
57,765
24,993
Expenditure
Net
movement
Carried forward
31/12/22
221,973
(21,973)
5,274
11,725
-
-
5,358
(5,358)
-
1,275
2,225
2,225
-
50,000
50,000
3,750
-
-
35,250
11,750
11,750
18,226
(18,226)
-
38,225
9,275
9,275
417
9,583
9,583		 2021
£
11,310
3,597
14,907
2021
£
10,476
9,090
3,927
1,500
24,993
50,831
373,475		 336,199
37,276
88,107

£18,226 expenditure for CEV Hackney was incurred in 2021 but was included in the 2021 accounts as unrestricted expenditure.

15

THE BOILER HOUSE COMMUNITY SPACE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31DECEMBER 2022

11 Restricted funds -prior year analysis

Fund
Power to Change
London Community Response Fund
Aspire
The Guinness partnership
CEV Hackney		 Brought
forward
01/01/21
Income
Expenditure
Net
movement
Carried forward
31/12/21
-
40,540
13,293
27,247
27,247
-
35,175
35,175
-
-
-
5,990
632
5,358
5,358
-
4,688
4,688
-
-
-
41,499
23,273
18,226
18,226
-
127,892
77,061
50,831
50,831

12 Share capital

The Boiler House Community Space is a company limited by guarantee and does not have share capital. The liability of each member in the event of winding-up is limited to £10.

13 Related Party Transactions

None of the trustees were paid any remuneration or received any benefits during the year.

16